Free Tool
Loan Comparison Tool
Compare up to 3 business loan offers side-by-side to find the best deal on monthly payment, total cost, and APR.
Loan A
Monthly Payment
US$2,027.64
Total InterestUS$21,658
Origination FeeUS$2,000
Total CostUS$123,658
Effective Cost Rate4.73%/yr
Loan B
Monthly Payment
US$2,536.26
Total InterestUS$21,740
Origination FeeUS$1,000
Total CostUS$122,740
Effective Cost Rate5.69%/yr
Loan C
Best
Monthly Payment
US$1,657.29
Total InterestUS$19,325
Origination FeeUS$3,000
Total CostUS$122,325
Effective Cost Rate3.72%/yr
Saves US$1,334 vs most expensive
Frequently Asked Questions
Focus on total cost (not just monthly payment), effective interest rate, origination fees, prepayment penalties, and repayment flexibility. A loan with a lower monthly payment but longer term often costs more overall.
An origination fee is a charge a financing provider may apply for arranging or processing financing. The amount and treatment vary: it may be deducted from proceeds, added to the balance or paid separately. Use the written offer when comparing total cost.
Not necessarily. A lower monthly payment often means a longer term, which can result in significantly more total interest paid. Compare the total cost of each loan over its full term to make the best financial decision.
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Submitting our initial form does not itself run a credit check or guarantee an offer. A third-party financing partner controls eligibility and terms.
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